Why Dead People Are The Best Investors
The speaker argues that deceased investors are statistically the best performers because they cannot emotionally react to market fluctuations. Living investors struggle with emotional decision-making that leads to selling at the wrong times.
Summary
The content presents a provocative thesis that dead people are the best investors, which the speaker claims is proven. The argument centers on the fact that deceased investors cannot sell their holdings, which prevents them from making emotional trading decisions. The speaker identifies emotional reactions as the primary problem with living investors, explaining that people often start with good intentions to be long-term investors but then get swayed by negative market news and crash reports. This emotional response leads to panic selling, which ultimately results in losses. The core message emphasizes that removing emotions from investment decisions is crucial for success, as emotional trading decisions are what separate poor performers from the best performing 'dead' investors who are forced to hold their positions regardless of market volatility.
About this episode
🔔 Subscribe for more great content: https://www.youtube.com/lewishowes Listen to this episode on the go! 🍎 Apple Podcasts: https://podcasts.apple.com/us/podcast/the-school-of-greatness/id596047499 🟢 Spotify: https://open.spotify.com/show/07GQhOZboEZOE1ysnFLipT?si=a03d916bade54d4f 💰 get my NEW YORK TIMES BESTSELLING book "Make Money Easy" today!https://lewishowes.com/moneyyou 📙 get my NEW YORK TIMES BESTSELLING book "The Greatness Mindset" today! https://lewishowes.com/gmyo 📤 sign up for my FREE newsletter https://lewishowes.com/greatnessdelivered Follow Lewis! Instagram: https://www.instagram.com/lewishowes/ Tiktok: https://www.tiktok.com/@lewis Facebook: https://www.facebook.com/lewishowes/ Twitter: https://twitter.com/LewisHowes 💻 Website: http://lewishowes.com/ 📲 For more Greatness text PODCAST to +1 (614) 350-3960 Get More Greatness! Greatness Clips: https://www.youtube.com/@GreatnessClips Spanish: https://www.youtube.com/@LewisHowesEspañol Portuguese: https://www.youtube.com/@LewisHowesPortugues Lewis Howes Shorts: https://www.youtube.com/@lewishowesshorts #greatness #inspiration #motivation
Key Insights
- The speaker claims it's proven that dead people are the best investors specifically because they cannot sell their holdings
- The speaker argues that investors typically start with long-term intentions but get swayed by negative market news about crashes
- The speaker identifies emotional decision-making as the primary cause of investment losses when people sell at the wrong times
Topics
Transcript
[0:00] You want to know who the best investors are? This is proven. The best investors are dead people because they don't sell. The problem that we have is that we get emotional and we make an investment thinking I'm going to be a long-term investor and then the news says that the markets are crashing this and that. Now we come in to sell and now we lose. If I can give one piece of advice, cut out the emotions.
Full transcript available for MurmurCast members
Sign Up to AccessMore from Lewis Howes
Grief Must Be Witnessed
Grief must be witnessed by another person who acknowledges the pain and validates the loss. Effective support involves two steps: witnessing the person's pain and love, then witnessing their capacity to heal and move forward.
Money Expert: If You’re Living Paycheck to Paycheck, Please Watch This Video! | Anthony O'Neal
Anthony O'Neal, a personal finance expert and former homeless individual turned millionaire, outlines a five-phase strategy for escaping paycheck-to-paycheck living: stabilizing finances with one month of net pay in emergency funds, eliminating consumer debt, building a 3-6 month savings cushion, investing 15-25% of income, and creating generational wealth through estate planning. He emphasizes that financial success requires the right strategy and systems rather than simply earning more money.
Why Your Best Days AREN'T Behind You!
A woman recounts how her husband used manipulation and shame to keep her in an unhappy third marriage, claiming she was a 'three-time loser.' When her 32-year-old daughter pointed out that her sparkle was gone and she was giving up on life at 52, it became a turning point that challenged her to reconsider whether settling for mediocrity was the right choice.
Parenting is the Key to Enlightenment
The speaker argues that parenting is a fast track to enlightenment, explaining how children's mirror neurons cause them to emulate parental behavior rather than simply following verbal instructions. The speaker illustrates this through examples of toddler behavior and draws a parallel to how lionesses teach cubs through demonstration rather than verbal explanation.
Use This Affirmation for Manifestation
The speaker discusses Florence Scovel Shinn's manifestation philosophy from her 1920s book 'The Game of Life,' emphasizing affirmations that distinguish between authentic heart-centered desires and head-invented ones, with the key principle that what is meant for you cannot be taken away.